This archive report was first published on 24 June 2020.
On June 24, 2020, Harambee Sacco, one of Kenya's leading Savings & Credit Co-operatives, took a major leap forward in convenience for its members by launching an instant card-issuance system.
Enabled by Co-operative Bank, this innovative solution empowers Harambee Sacco to print Visa Debit Cards on the spot, at the branch, the moment a customer applies for a card.
This groundbreaking system marks a significant departure from the traditional two-week wait for Visa debit cards, providing members with instant access to their funds.
With over 70,000 members, an asset base of Ksh 30B, and six branches across the country, Harambee Sacco is one of the largest Saccos in Africa.
Speaking at the launch, Chairman Macloud Malonza praised the partnership between Harambee Sacco and Co-operative Bank, saying, "The launch of this instant card issuance is timely, indeed overdue, as it will greatly enhance convenience for our members who from today no longer have to wait for weeks before they receive their cards."
Co-operative Bank's Director of Co-operatives Banking, Vincent Marangu, added, "This launch is the latest among various digital banking solutions provided by the bank to enhance the efficiency of Co-operative Societies for the benefit of their members and prosperity of the Co-operative Movement at large."
